Shanghai Composite Opens Down 3 pts; ZHONGJI INNOLIGHT Opens Nearly 3% Higher; Chinese Banks Soft
AASTOCKS News·- The RMB central parity rate was set at 6.7904 with the PBOC executing a net daily withdrawal of RMB 133 billion through open market operations. - The three major A-share indices opened mixed, as Chinese bank stocks traded soft and major photovoltaic stocks exhibited divergent movements following new trade measures. - Sector performances varied significantly with optical module players opening higher while chip and insurance stocks experienced mild declines.HSI Up 346 pts; HSTI Up 104 pts; XIAOMI Up over 9%; TENCENT Up over 4%; MENGNIU DAIRY, MIDEA GROUP, ICBC Hit New Highs
AASTOCKS News·- At the midday close, Hong Kong stocks rose broadly, with the Hang Seng Index increasing by 346 pts or 1.4% to 25,657 and the Hang Seng Tech Index gaining 104 pts or 2.2% to 4,834. - Major heavyweights and constituents posted strong gains, led by XIAOMI surging over 9% and LI AUTO climbing 10.1%. - Meanwhile, MENGNIU DAIRY, MIDEA GROUP, and ICBC hit new highs during the trading session.HSI Closes at 25,310, Up 103 pts; HSTI Closes at 4,730, Up 28 pts; LAOPU GOLD Down over 23%; CCB, MIDEA GROUP, ICBC, BOC HONG KONG, DAHSING BANKING Hit New Highs; Market Turnover Rises
AASTOCKS News·- The Hang Seng Index (HSI) rose by 103 points, or 0.4%, closing at 25,310, with a total market turnover of $250.63 billion. - Notable gainers included Xiaomi and Meituan, while Laopu Gold suffered a significant drop of 23.8%. - Short selling activity remained high, particularly in heavyweights like CCB and Tencent, indicating a mixed sentiment in the market.